Brussels, 10/09/2002 (Agence Europe) - the European Commission is worried about certain provisions in the Sarbanes-Oxley Act on audits, currently being prepared in the USA and which might compel European auditing companies to apply rules that conflict with rules in European legislation.
In a letter sent recently to the President of the US Securities and Exchange Commission, Harvey Pitt, Commissioner Frits Bolkestein, stresses that the EU and the USA agree on the need to assure the financial...